Shawn M. Soderberg - Feb 15, 2024 Form 4 Insider Report for Bloom Energy Corp (BE)

Signature
/s/ Shawn M. Soderberg
Stock symbol
BE
Transactions as of
Feb 15, 2024
Transactions value $
-$122,528
Form type
4
Date filed
2/20/2024, 07:30 PM
Previous filing
Jan 17, 2024
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BE Class A Common Stock Award $0 +1.85K +2.25% $0.00 84K Feb 15, 2024 Direct F1, F2
transaction BE Class A Common Stock Options Exercise $0 +3.03K +3.61% $0.00 87.1K Feb 15, 2024 Direct
transaction BE Class A Common Stock Sale -$64K -6.87K -7.89% $9.32 80.2K Feb 16, 2024 Direct F3, F4
transaction BE Class A Common Stock Sale -$58.5K -6.25K -7.79% $9.36 73.9K Feb 16, 2024 Direct F5, F6
holding BE Class A Common Stock 397K Feb 15, 2024 By trust F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BE Restricted Stock Units Options Exercise $0 -3.03K -100% $0.00* 0 Feb 15, 2024 Class A Common Stock 3.03K Direct F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 11, 2023, the Reporting Person was granted a PSU award for a target number of 7,400 shares of Class A common stock, subject to the achievement of certain financial performance criteria during the performance period. The Reporting Person partially met the performance criteria as determined by the Compensation Committee on February 13, 2024, which resulted in a payout of 25% of the target. The PSUs fully vested at 25% of the target on February 15, 2024.
F2 Includes an aggregate of 1,293 shares acquired by the Reporting Person under the Issuer's 2018 Employee Stock Purchase Plan on February 14, 2024.
F3 Sale of shares to cover tax withholding obligation incurred upon settlement of restricted stock units ("RSUs") and performance stock units ("PSUs") effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 24, 2023.
F4 The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $9.20 to $9.60. Upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
F5 Sale of shares to cover tax withholding obligation incurred upon settlement of RSUs and PSUs.
F6 The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $9.21 to $9.45. Upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
F7 Held by The Shawn M. Soderberg 2005 Trust, of which the Reporting Person is the trustee.
F8 Each RSU represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement.
F9 The RSUs vest over three years, with a third of the RSUs vesting on the one-year anniversary of the vesting commencement date, which is February 15, 2021, and the remaining shares vesting in equal quarterly installments over the next two years, subject to Reporting Person remaining a service provider on each applicable vesting date.